ADDITIONAL INFORMATION

The property only consist of building on the corner of 4001 Landis. This is arguably noted as the busiest corner in Sea Isle City. Currently the corner building hosts the Coastal Chop House, South Jersey new and Premier Steakhouse and 2 condos above, which is located Directly across from the famous Ocean Drive Restaurant and Bar. 40 St is also the main walk-up street to the public beach access. The Property is one of if not the most prime location in all of Sea Isle City for both residential and commercial development. Plans attached are for the previously approved demolition of 4001 Landis and 28 4th St. to combine the 2 lots and rebuild a new building that would house a 1st floor commercial redevelopment consisting of 1 main sit down restaurant and 6 walk up food vendor windows. (28 40th st is not part of this listing) The 2nd floor would consist of 6 units 5 being approximately 1260 Sq foot 2 story Condos and 1 commercial unit of the same size. Obviously a potential buyer may choose other options including continuing the existing uses of the buildings but these plans are approved and add significant value. To develope the Current Project Approval a potential new owner would need to aquire at their own cost the property at 20 40th st should they wish to use the currently approved plans: The first floor of a newly constructed building on this lot must remain commercial. The second and third floors can consist of up to 5 condos (for residential use). Each unit is approx. 1260 Sq Ft. The sixth unit must also remain commercial, potentially for managing the property (e.g., HOA or similar).